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SPDR® SSGA US Equity Premium Income ETF SPIN

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$30.49
as of Nov 04 2024
Base Currency
USD
Assets Under Management
$3.05 M
as of Nov 04 2024
Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.25%

Key Features

  • The SPDR® SSGA US Equity Premium Income ETF employs an actively managed strategy that is designed to provide current income while maintaining the potential for long-term growth
  • The fund invests in a portfolio of large- and mid-cap US stocks that the investment advisor believes exhibit desirable characteristics such as strong fundamentals, attractive valuations, and long-term growth prospects, while dynamically selling call options on a US large-cap exposure, such as the S&P 500® Index, to generate additional monthly income
  • The strategy utilizes a proprietary macroeconomic signal to determine the option strikes (moneyness) of the calls written, seeking to harvest higher option premiums during volatile market conditions to help provide more of a cushion against possible losses in the underlying portfolio, while harvesting lower option premiums during low-risk market conditions which may allow the fund to participate in greater potential market upside

Fund Information as of Nov 05 2024

Benchmark S&P 500 Index
Inception Date Sep 04 2024
Options Available Yes
Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.25%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Investment Manager SSGA Funds Management, Inc.
Management Team Global Equity Beta Solutions
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Nov 05 2024

Exchange Listing Date Trading Currency Ticker CUSIP ISIN
Cboe BZX Exchange, Inc Sep 05 2024 USD SPIN 78470P838 US78470P8389

Fund Characteristics as of Nov 04 2024

Est. 3-5 Year EPS Growth

Estimated 3-5 Year EPS Growth

Based on the underlying holdings of the fund. The actual earnings estimates for the underlying holdings are provided by FactSet, First Call, I/B/E/S Consensus, and Reuters and are used to calculate a mean 3-5 year EPS growth rate estimate.

14.94%
Number of Holdings 95
Price/Book Ratio

Price/Book Ratio

The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund's portfolio as calculated for the last twelve months.

5.24
Price/Earnings Ratio FY1

Price/Earnings Ratio FY1

The weighted harmonic average of current share price divided by the forecasted one year earnings per share for each security in the fund. Negative and positive outliers are included in the calculation.

23.81
Weighted Average Market Cap $1,102,760.00 M

Index Characteristics as of Nov 04 2024

Est. 3-5 Year EPS Growth 14.46%
Number of Holdings 503
Price/Cash Flow 18.27
Price/Earnings 26.79
Price/Earnings Ratio FY1 23.37

Yields as of Nov 04 2024

30 Day SEC Yield

30 Day SEC Yield

(Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the maximum offering price on the last day of the period.

0.83%
30 Day SEC Yield (Unsubsidized)

30 Day SEC Yield (Unsubsidized)

An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

-
Index Dividend Yield

Index Dividend Yield

The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.

1.32%
Current Indicative Fund Yield

Current Indicative Fund Yield

The most recent distribution annualized and divided by Net Asset Value per share, expressed as a percentage.  The distribution may include return of capital.

9.21%

Fund Market Price as of Nov 04 2024

Bid/Ask

Bid/Ask Mid Point

(Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

$30.52
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$30.51
Day High $30.55
Day Low $30.55
Exchange Volume (Shares)

Exchange Volume (shares)

Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

2
Premium/Discount

Premium/Discount to NAV

Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

0.11%
30-Day Median Bid/Ask Spread

The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

0.32%

Premium Discount to NAV Graph and Summary

The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund’s listing exchange) and the fund’s net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV.

Number of Days Summary

Calendar Year 2023 First Quarter of 2024 Second Quarter of 2024 Third Quarter of 2024
Days Traded at Premium

Number of days the ETF 4PM Bid/Ask was above the NAV.

- - - 18
Days Traded at Discount

Number of days the ETF 4PM Bid/Ask was below the NAV.

- - - 0

Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

Premium/Discount information will be displayed in the Number of Days Summary table following the completion of the current calendar quarter. 

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

Fund Net Cash Amount as of Nov 04 2024

Net Cash Amount -$20,957.14

Fund Net Asset Value as of Nov 04 2024

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$30.49
Shares Outstanding 100,000.00
Assets Under Management $3.05 M

Top Holdings

Subject to change.

as of Nov 04 2024
as of Nov 04 2024

Fund Top Holdings as of Nov 04 2024

Name Shares Held Weight
NVIDIA CORP 1,848 8.25%
MICROSOFT CORP 523 7.01%
APPLE INC 839 6.11%
AMAZON.COM INC 713 4.58%
ALPHABET INC CL A 737 4.09%
META PLATFORMS INC CLASS A 196 3.60%
MASTERCARD INC A 148 2.45%
BROADCOM INC 392 2.17%
BANK OF AMERICA CORP 1,448 1.96%
HOME DEPOT INC 150 1.95%
Download All Holdings: Daily

Index Top Holdings as of Nov 04 2024

Name Weight
Apple Inc. 6.99%
NVIDIA Corporation 6.93%
Microsoft Corporation 6.29%
Amazon.com Inc. 3.79%
Meta Platforms Inc Class A 2.54%
Alphabet Inc. Class A 2.05%
Alphabet Inc. Class C 1.70%
Berkshire Hathaway Inc. Class B 1.68%
Broadcom Inc. 1.62%
Tesla Inc. 1.40%

Sector Allocation

as of Nov 04 2024
as of Nov 04 2024

Fund Sector Breakdown as of Nov 04 2024

Sector Weight
Information Technology 31.89%
Financials 13.74%
Health Care 11.78%
Consumer Discretionary 9.82%
Communication Services 9.47%
Industrials 8.81%
Consumer Staples 5.02%
Energy 3.35%
Materials 2.60%
Utilities 2.24%
Real Estate 1.28%

Index Sector Breakdown as of Nov 04 2024

Sector Weight
Information Technology 31.80%
Financials 13.28%
Health Care 11.14%
Consumer Discretionary 10.20%
Communication Services 9.01%
Industrials 8.51%
Consumer Staples 5.78%
Energy 3.40%
Utilities 2.44%
Real Estate 2.28%
Materials 2.18%

Purchase Information

Buying and Selling ETFs

ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

Ordinary brokerage commissions apply.

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Unless otherwise noted all information contained herein is that of the SPDR® SSGA US Equity Premium Income ETF.

Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.